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Piedmont Office Realty Trust Stock Price, Forecast & Analysis (NYSE:PDM)

$21.63
+0.06 (+0.28 %)
(As of 11/14/2019 07:01 AM ET)
Today's Range
$21.43
Now: $21.63
$21.80
50-Day Range
$20.42
MA: $21.08
$22.26
52-Week Range
$16.43
Now: $21.63
$22.58
Volume500,828 shs
Average Volume598,839 shs
Market Capitalization$2.72 billion
P/E Ratio12.50
Dividend Yield3.84%
Beta0.68
Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its major markets and is investment-grade rated by Standard & Poor's (BBB) and Moody's (Baa2).

Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$525.97 million
Cash Flow$2.28 per share
Book Value$13.36 per share

Profitability

Net Income$130.29 million

Miscellaneous

Employees134
Market Cap$2.72 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions

What is Piedmont Office Realty Trust's stock symbol?

Piedmont Office Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDM."

How often does Piedmont Office Realty Trust pay dividends? What is the dividend yield for Piedmont Office Realty Trust?

Piedmont Office Realty Trust announced a quarterly dividend on Wednesday, October 30th. Stockholders of record on Friday, November 29th will be given a dividend of $0.21 per share on Friday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Wednesday, November 27th. View Piedmont Office Realty Trust's Dividend History.

How were Piedmont Office Realty Trust's earnings last quarter?

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its earnings results on Wednesday, October, 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by $0.38. The real estate investment trust had revenue of $135.46 million for the quarter, compared to analysts' expectations of $127.16 million. Piedmont Office Realty Trust had a net margin of 20.92% and a return on equity of 6.58%. The firm's revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. View Piedmont Office Realty Trust's Earnings History.

When is Piedmont Office Realty Trust's next earnings date?

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Piedmont Office Realty Trust.

What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?

Piedmont Office Realty Trust updated its FY19 earnings guidance on Wednesday, October, 30th. The company provided earnings per share (EPS) guidance of $1.77-1.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.77.

What price target have analysts set for PDM?

4 analysts have issued 1-year price targets for Piedmont Office Realty Trust's stock. Their forecasts range from $20.00 to $25.00. On average, they anticipate Piedmont Office Realty Trust's stock price to reach $22.50 in the next year. This suggests a possible upside of 4.0% from the stock's current price. View Analyst Price Targets for Piedmont Office Realty Trust.

What is the consensus analysts' recommendation for Piedmont Office Realty Trust?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Piedmont Office Realty Trust.

Has Piedmont Office Realty Trust been receiving favorable news coverage?

News coverage about PDM stock has trended somewhat positive this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a news sentiment score of 1.1 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Piedmont Office Realty Trust.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 5,100,000 shares, a decrease of 6.1% from the August 30th total of 5,430,000 shares. Based on an average trading volume of 592,800 shares, the days-to-cover ratio is presently 8.6 days. Approximately 4.1% of the company's shares are sold short. View Piedmont Office Realty Trust's Current Options Chain.

Who are some of Piedmont Office Realty Trust's key competitors?

What other stocks do shareholders of Piedmont Office Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Piedmont Office Realty Trust investors own include Huntington Bancshares (HBAN), Brandywine Realty Trust (BDN), DuPont Fabros Technology (DFT), General Electric (GE), People's United Financial (PBCT), Sirius XM (SIRI), Seagate Technology (STX), American Homes 4 Rent (AMH), Brixmor Property Group (BRX) and DDR (DDR).

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the folowing people:
  • Mr. Donald A. Miller C.F.A., CFA, CEO & Director (Age 56)
  • Mr. Christopher Brent Smith, Pres, Chief Investment Officer & Director (Age 43)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 62)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Head of Devel. (Age 63)
  • Mr. Christopher A. Kollme, Exec. VP of Fin. & Strategy

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (1.04%), Robeco Institutional Asset Management B.V. (1.03%), Chartwell Investment Partners LLC (0.59%), Foundry Partners LLC (0.32%), Systematic Financial Management LP (0.30%) and Strs Ohio (0.29%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope and Kelly Hefner Barrett. View Institutional Ownership Trends for Piedmont Office Realty Trust.

Which major investors are selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Systematic Financial Management LP, Meeder Asset Management Inc., State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Strs Ohio, HGK Asset Management Inc. and Zurcher Kantonalbank Zurich Cantonalbank. View Insider Buying and Selling for Piedmont Office Realty Trust.

Which major investors are buying Piedmont Office Realty Trust stock?

PDM stock was acquired by a variety of institutional investors in the last quarter, including Chartwell Investment Partners LLC, Robeco Institutional Asset Management B.V., State of New Jersey Common Pension Fund D, Russell Investments Group Ltd., Chicago Equity Partners LLC, Foundry Partners LLC, Dupont Capital Management Corp and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope and Kelly Hefner Barrett. View Insider Buying and Selling for Piedmont Office Realty Trust.

How do I buy shares of Piedmont Office Realty Trust?

Shares of PDM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Piedmont Office Realty Trust's stock price today?

One share of PDM stock can currently be purchased for approximately $21.63.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.72 billion and generates $525.97 million in revenue each year. The real estate investment trust earns $130.29 million in net income (profit) each year or $1.73 on an earnings per share basis. Piedmont Office Realty Trust employs 134 workers across the globe.View Additional Information About Piedmont Office Realty Trust.

What is Piedmont Office Realty Trust's official website?

The official website for Piedmont Office Realty Trust is http://www.piedmontreit.com/.

How can I contact Piedmont Office Realty Trust?

Piedmont Office Realty Trust's mailing address is 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342. The real estate investment trust can be reached via phone at 770-418-8800 or via email at [email protected]


MarketBeat Community Rating for Piedmont Office Realty Trust (NYSE PDM)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  282 (Vote Outperform)
Underperform Votes:  481 (Vote Underperform)
Total Votes:  763
MarketBeat's community ratings are surveys of what our community members think about Piedmont Office Realty Trust and other stocks. Vote "Outperform" if you believe PDM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PDM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/14/2019 by MarketBeat.com Staff

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